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Benzinga Stock Tips Review
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Features and Services Offered
Benzinga is a financial information hub, or, as the company likes to bill itself, a content ecosystem. We think that's a pretty apt description. Benzinga does a great job, not only of presenting a plethora of up-do-the-minute market information, but also of explaining how global events, economic trends, and markets are interconnected and interdependent.
It's difficult to capture briefly the range of information Benzinga presents. But here are a few highlights:
- Earnings reports
- Company guidance
- Ratings
- News on dividends, IPOs, buybacks, and mergers and acquisitions
- Focused reports on fintech, retail, transportation, commodities, and other market sectors
- Reviews of brokerage services
- Stock recommendations, sortable by industry or price
Benzinga is primarily a financial education and stock advice resource. It is not a trading platform itself, but can connect you with a wide range of online and mobile investment apps and recommend the ones best suited to your needs. The company sorts trading platforms according to various factors and provides detailed reviews of each one. Whether you're a beginning investor, wish to focus on a particular industry, or are especially interested in trading futures, options, or cryptocurrency, Benzinga can point you in the right direction. The company also reviews consumer financial products like insurance and banking services.
Fees
Benzinga offers investors a tremendous amount of information free of charge. Many investors will find everything they need on the company's website without spending a dime. But like many stock tip companies, it saves its best, most current insights and most comprehensive services for paying customers. Sometimes speed is the key to fully taking advantage of an investment opportunity.
Screenshot from benzinga.com 12/15/2020
The company offers three levels of premium service which you can pay for monthly. You'll receive a significant discount if you pay for a year of service all at once.
Screenshot from benzinga.com 12/15/2020
Customer Experience
For investors who have relied on their own aggregating skills to gain access to market intelligence, a visit to Benzinga will seem like a trip to Shangrila. The company publishes a massive amount of data and research and many perspectives on the market; in fact, it's possible that beginning investors might find it a little overwhelming. But through its sensible website organization and design, the company simplifies sifting through all that content to find what you're looking for.
Benzinga's educational portal opens a world of extensive coursework. Each course is delivered in manageable video chunks. Subjects range from the key economic factors and events traders should keep within sight to deep dives into specific market sectors like crude oil and precious metals. The portal also leads users to a collection of trading simulators, which is a unique feature among the stock tip sites we've reviewed and a great opportunity for people who learn best through hands-on activity.
Screenshot from benzinga.com 12/15/2020
Reputation and Accreditation
Benzinga is not considered a financial advisor in the technical sense, nor is it a brokerage firm. Therefore, the company isn't registered with the SEC or other regulatory bodies. The company receives an excellent rating of 4.4 out of 5 stars on Trustpilot, with users affirming that the company completes its mission by making investment intelligence more accessible and digestible. iOS users give the Benzinga app 4.7 out of 5 stars, with many again praising the volume of information it offers. They do note some technical snafus and the apps notifications feature seems to be the subject of some complaints. Currently, Benzinga does not offer an Android version of its app but the company states it is coming soon.
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Start investing with as little as $1
- $0 Commission charge on stocks & ETFs
- Offers fractional shares & U.S. Treasuries
- New in 2024: Invest in a a portfolio of ten bonds with a minimum initial $1,000 deposit
- Invest in alternative assets such as fine arts, royalties and luxury goods
- Protected up to $500k on U.S. listed securities and cash up to $250k (SIPC Member)